Superior Industries logs lower profits, sales

Nov 01, 2013 | 05:24 PM | Michael Cowden

Tags  Superior Industries International Inc, aluminum wheels, quarterly results, Steven J. Borick, automtoive market, earnings, plant construction, Mexico supply chain

CHICAGO — Superior Industries International Inc.’s profits narrowed in the third quarter as a lower aluminum sales pass-through and a tax change dented results.

The Van Nuys, Calif.-based aluminum wheels producer reported net income of $5.2 million in the three months ended Sept. 29, down 65.7 percent from $15.1 million in the year-ago quarter on net sales that slipped 1.2 percent to $191.6 million. For the first nine months of the year, Superior posted net income of....

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